Regulatory Alerts2026-03-02
Added · Updated
FSC Seeks Court-Supervised Winding-Up of Equity Insurance Company Ltd
The Financial Services Commission of Barbados has applied to the High Court for a court-supervised winding-up of Equity Insurance Company Ltd. following heightened financial risks, reinsurance disruptions, and the December 2025 revocation of its operating licence. This liquidation prioritizes the equitable distribution of assets to protect policyholders and creditors from potential insolvency, while existing policies remain valid until the court rules on the petition. Policyholders and creditors are advised to secure alternative coverage or contact appointed manager Craig Waterman, as the regulator coordinates with domestic insurers to facilitate displaced clients.
Topics
Share